13 blue-chip firms head to New York
Aim to attract foreign investors towards Pakistan.
KARACHI:
Thirteen of Pakistan’s biggest listed companies are heading to New York to take part in the third annual Pakistan Day Conference 2011.
Participants at the international roadshow will hope to increase awareness among foreign investors of investment opportunities in Pakistan.
Speaking to The Express Tribune, First Capital Equities (FCEL) Chief Operating Officer Farooq Habib said, “We are aiming to convince potential investors who are mulling over investments in emerging and frontier markets, that of all the options available, our country offers the best investment case.”
FCEL has collaborated with US-based Auerbach Grayson and Company (AGCO) to convene the conference which will commence in New York on March 8.
“Cheap valuations that Pakistan’s equities offer are among the biggest attractions for foreign investors,” said Habib, highlighting, “despite a gain of 28 per cent in prices in 2010, local valuations remain attractive compared to regional peers.”
He also asserted that companies’ earnings are likely to rebound in the current year, building a case for further investments in the country’s corporate giants.
Pakistani companies featuring at the event include Oil and Gas Development Company (OGDCL), Engro Corporation, Engro Foods, Arif Habib Corporation (AHCL), Fatima Fertilisers, Fauji Fertiliser Company (FFC), Lucky Cement, MCB Bank, National Bank of Pakistan (NBP), Pakistan Petroleum (PPL), Pakistan State Oil (PSO), Sui Southern Gas Company (SSGC) and United Bank (UBL).
The event will include group discussions as well as one-on-one meetings between US investors and local companies, where participants will shed light on current economic conditions and prospects for investment.
Published in The Express Tribune, March 5th, 2011.
Thirteen of Pakistan’s biggest listed companies are heading to New York to take part in the third annual Pakistan Day Conference 2011.
Participants at the international roadshow will hope to increase awareness among foreign investors of investment opportunities in Pakistan.
Speaking to The Express Tribune, First Capital Equities (FCEL) Chief Operating Officer Farooq Habib said, “We are aiming to convince potential investors who are mulling over investments in emerging and frontier markets, that of all the options available, our country offers the best investment case.”
FCEL has collaborated with US-based Auerbach Grayson and Company (AGCO) to convene the conference which will commence in New York on March 8.
“Cheap valuations that Pakistan’s equities offer are among the biggest attractions for foreign investors,” said Habib, highlighting, “despite a gain of 28 per cent in prices in 2010, local valuations remain attractive compared to regional peers.”
He also asserted that companies’ earnings are likely to rebound in the current year, building a case for further investments in the country’s corporate giants.
Pakistani companies featuring at the event include Oil and Gas Development Company (OGDCL), Engro Corporation, Engro Foods, Arif Habib Corporation (AHCL), Fatima Fertilisers, Fauji Fertiliser Company (FFC), Lucky Cement, MCB Bank, National Bank of Pakistan (NBP), Pakistan Petroleum (PPL), Pakistan State Oil (PSO), Sui Southern Gas Company (SSGC) and United Bank (UBL).
The event will include group discussions as well as one-on-one meetings between US investors and local companies, where participants will shed light on current economic conditions and prospects for investment.
Published in The Express Tribune, March 5th, 2011.